Accounts that hold vast amounts of a cryptocurrency may begin to sell, causing prices to plummet. These accounts are known as whales because they have a significant position and can influence the market if a group of people agrees to sell crypto assets.
An OpenSea employee used insider knowledge to buy tokens before they appeared on the front page. Alexis Ohanian showed off the NFT he bought for Serena Williams at the Met Gala
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But whether that growth is sustainable, and what it means long-term, is still in question. “This crypto, blockchain technology, the public interest in it right now is being driven by a kind of speculative fever,” says Dr. Richard Smith, executive director of the Foundation for the Study of Cycles, a nonprofit organization dedicated to studying recurring patterns throughout economies and cultures.
A lot right now in the U.S. Congress. One way lawmakers propose to pay for the $1 trillion infrastructure bill the Senate approved Tuesday is by imposing tax-reporting requirements for cryptocurrency brokers, the way stockbrokers report their customers’ sales to the IRS.
Laith Khalaf, financial analyst at investment platform AJ Bell, previously told The Sun that although long-term investment is encouraged, SafeMoon "doesn't sound too different from a pyramid selling scheme".
'Stretched too thin': With staff 'exhausted,' schools cancel class or return to remote learning
“It was almost like you just gave a 21-year-old a million dollars,” Harrison said. “I get it — they were excited to be so popular.”
Pa´stor, L. and P. Veronesi (2006), “Was there a NASDAQ bubble in the late 1990s?”, Journal of Financial Economics 81 (1), 61–100.
Cryptocurrency is a type of currency that’s digital and decentralized. Cryptocurrencies can be used to buy and sell things, and their potential to store and grow value has also caught the eye of many investors.
Beijing's crackdown on cryptocurrency sends bitcoin entrepreneurs moving to the wild wild west.
Charlie Barton, an investment specialist at comparison site Finder, warned in mid-May: “The performance of Polygon has been extremely strong recently, achieving 10,000% growth in the last year.”
Bears think tech earnings aren't sustainable but fundamentals are strong: Wedbush Securities' Ives Subscribe to BNN Bloomberg Newsletters BNN Bloomberg Personalities Weekly Guest Schedule Channel Guide Contact Us Privacy Policy Political Ad Registry Terms & Conditions FAQ FP CryptoDecoded: Join us at our free crypto and blockchain events. FP CryptoDecoded: Join us at our free crypto and blockchain events. Register now> Share this Story: After 19,000% early gain, crypto SafeMoon’s rules to tamp down selling raise red flags Copy Link Email Facebook Twitter Reddit Pinterest LinkedIn Tumblr NewsFP EnergyFP FinanceFP InvestorFP EconomyFP WorkFP CommentNewslettersBusiness EssentialsMoneyWise CanadaRefer a Friend This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. Breadcrumb Trail Links FP Finance Cryptocurrency After 19,000% early gain, crypto SafeMoon’s rules to tamp down selling raise red flags SafeMoon charges a 10% fee to buy tokens and another 10% to sell — almost unheard of in digital currency world Jul 22, 2021 • July 22, 2021 • 6 minute read • Join the conversation SafeMoon calls itself a DeFi token, or one that uses decentralized finance to govern functions through software, but it has a chief executive officer and chief operating officer. Photo by SafeMoon Article content
Investing is not a guaranteed way to make money, so make sure you know the risks and can afford to lose the money.
Bitcoin and other leading crypto coins experienced a significant drop in share price after investors began dumping mining equipment as China announced fresh regulations.
SafeMoon today trades around 0.0000027 a coin with a market capitalization of about $1.6 billion, sharply lower than its high of almost $6 billion in mid-May, according to CoinMarketCap.
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